Axium: The Enron Of The Payroll Services World?
It's looking more and more like Axium's downfall may have been the result of the brass illicitly dipping their hands into the company cookie jar. The Hollywood Reporter is reporting that their president, Ruben Rodriguez, is no longer with the firm AND that the IRS is hot on the trail. To that end, we'd like to share this email from a tipster who used to work with the deep-sixed and Chapter 7'd payroll and accounting service:
"The reason for this is all because of the two owners [Ron Garber and John Visconti]. They mismanaged funds and sent a very profitable company and all of its employees and production payroll clients down the drain. They could have fixed things but decided not to. All 350 plus employees were notified via email not to show up for work and are most likely not going to be paid for their last week or two. Nobody had any idea this was going to happen since everything had been going so well. It is like another Enron."
